ECT

Energy Charter Treaty

Spain is ordered to pay damages of EUR 290.6 million in NextEra renewable energy case
An ICSID tribunal ordered Spain to pay two Dutch investors EUR 290.6 million in compensation for its breach of the FET standard under ECT
Spain offers green energy investors incentives to drop lawsuits
The government will offer subsidies which will allow investors that abandon litigation to maintain their current profitability rate of 7.39% until 2031.
Spain held liable for breach of FET under the ECT for frustrating legitimate expectations of 9REN, a Luxembourg-based renewable energy investor
An ICSID tribunal held that Spain violated Fair and Equitable Treatment under the Energy Charter Treaty.
Modernizing the Energy Charter Treaty: A make-or-break moment for sustainable, climate-friendly energy policy
In investor–state dispute settlement (ISDS), ironies do occasionally occur. Sometimes they’re bitter. Sometimes they’re carbon-intensive. Sometimes they’re radioactive.
Aura Energy files claim against Sweden to recover losses following uranian mining ban
Aura Energy lodged a claim against Sweden to recover the losses incurred from the Haggan uranium project following the country's decision to ban uranian mining.
It’s time to scrap the Energy Charter Treaty
The EU taxpayer is the main loser from the continuation of the Energy Charter Treaty which locks Europe into carbon and energy injustice at a high cost to taxpayers.
Hungría torpedea a España en los arbitrajes renovables al aliarse con los fondos en EEUU
Una empresa estatal húngara se persona en los pleitos en Washington como aliada de los demandantes. Quiere mantener la jurisdicción del Banco Mundial frente al Tribunal de la UE.
Recent ECT claims - Impact for energy investors and governments
More claims from energy companies in the coming months and years, as more states enact legislation aimed at reducing reliance on fossil fuels and change incentive programs for renewable energy providers.
Russia strengthens its position in Yukos case over past three years — defense rep
The Russian side appealed that a number of provisions of the Energy Charter Treaty could not be applied to the Russian Federation because it did not ratify it.
Nord Stream 2 sues EU using ISDS
The company building the controversial Nord Stream 2 gas pipeline from Russia to Germany under the Baltic Sea today sued the European Union over new gas rules it says are threatening its investments in the project.